Bill > SB112

This bill allows the Department of Energy, in addition to electric distribution utilities, to issue requests for proposals (RFPs) for multi-year agreements to secure energy, which can include or exclude associated environmental attributes from electric energy sources, and permits coordination with other New England states on these RFPs. The bill also clarifies that purchased power agreements can be made with existing, new, or incremental electric energy sources, defining "existing electric energy sources" to include certain nuclear power generation facilities that began operating before January 1, 2011. Furthermore, it removes a previous deadline for utilities to petition the Public Utilities Commission for authorization to enter into these agreements and allows for the procurement of up to 2 million megawatt hours statewide annually if deemed just, reasonable, and in the public interest. The stated purpose of these changes is to address the high cost of electricity in New Hampshire, which is burdened by factors like generator retirements and natural gas price volatility, by enabling more diverse and long-term energy supply options for customers.

Agriculture and Natural Resources, Business and Industry

https://gc.nh.gov/bill_Status/billinfo.aspx?id=1158&inflect=2